Modern Live-Work Condo
620 GLEN IRIS DR NE Atlanta, GA 30308
For Sale
Contact for pricing
Flexible live-work layout with industrial finishes, polished concrete floors, and dedicated areas for work and privacy.
Property Size1,205 SF
Price / SF$405.81
Days on Market59
Property Features for 620 GLEN IRIS DR NE
General Information
Standard status
Active
Size
1,205 SF
Property subtype
Retail, Office, Mixed Use
Building Details
Year Built
2005
Listing Agency:
Atlanta Commercial Real Estate Brokers
Listed By:
Lynne Cole · License #404031
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 29 at 12:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Commercial Real Estate Brokers
Investment Insights
Based on property information with market context.
Unit 106 at Ponce Springs Condos presents a modern live-work configuration designed for an owner-user or small business. The interior blends an industrial-inspired look with polished concrete floors, exposed concrete ceilings, high ceilings, and modern lighting. On the main level, the open kitchen and living/work area includes sleek cabinetry, stainless steel appliances, stone countertops, and a built-in dining or conference area. Large windows with modern window treatments provide natural light while maintaining privacy.
The unit also features furnished lounge, dining, and work areas that can translate easily into a boutique office, design or consulting studio, or a residential-style workspace. Private bedroom areas offer a loft-style feel with modern ceiling fans, neutral finishes, and generous closet storage. Updated bathrooms include wide vanities, stone countertops, oversized mirrors, and contemporary fixtures, supporting a turnkey comfort for both professional and personal use.
Ponce Springs is a mixed-use condominium community located in Atlanta’s Old Fourth Ward, near Ponce City Market and the Atlanta BeltLine Eastside Trail. With walkable access to restaurants, shopping, fitness, entertainment, and other intown amenities, the property suits professionals seeking an integrated work-and-life setup within a convenient, connected area.
The unit also features furnished lounge, dining, and work areas that can translate easily into a boutique office, design or consulting studio, or a residential-style workspace. Private bedroom areas offer a loft-style feel with modern ceiling fans, neutral finishes, and generous closet storage. Updated bathrooms include wide vanities, stone countertops, oversized mirrors, and contemporary fixtures, supporting a turnkey comfort for both professional and personal use.
Ponce Springs is a mixed-use condominium community located in Atlanta’s Old Fourth Ward, near Ponce City Market and the Atlanta BeltLine Eastside Trail. With walkable access to restaurants, shopping, fitness, entertainment, and other intown amenities, the property suits professionals seeking an integrated work-and-life setup within a convenient, connected area.
Key Highlights
- Unit 106 at Ponce Springs Condos built in 2005, offering a flexible live‑work layout
- Polished concrete floors, exposed concrete ceilings, high ceilings, and modern lighting throughout
- Main level includes an open kitchen and living/work area with stainless steel appliances, stone countertops, and sleek cabinetry
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $23.87 |
| − Vacancy | −$7.2k | −$6.02 |
| EGI | $21.5k | $17.85 |
| − OpEx | −$5.4k | −$4.46 |
| NOI | $16.1k | $13.39 |
1,205 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$230.5K
$201.7K – $268.9K
NOI $16,136 @ 7.0% cap · market cap 3.30%
Second Best
Mixed Use
$209.2K
$183.0K – $244.0K
NOI $14,641 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$336.8K
$294.7K – $393.0K
NOI $23,579 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible live-work layout with industrial finishes, polished concrete floors, and dedicated areas for work and privacy.
Where is this live-work space located?
The property is located at 620 GLEN IRIS DR NE Atlanta, GA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Unit 106 at Ponce Springs Condos built in 2005, offering a flexible live‑work layout; Polished concrete floors, exposed concrete ceilings, high ceilings, and modern lighting throughout; Main level includes an open kitchen and living/work area with stainless steel appliances, stone countertops, and sleek cabinetry
